Yeah, Oakland University does provide scholarships based on merit. Here are some of them:

Platinum Presidential Scholar Award
Total Worth: Full tuition
Eligibility: Full tuition
Minimum Criteria: High school GPA: 3.90 or higher ; SAT score: 1450 or higher ; ACT composite score: 33 or higher

Gold Presidential Scholar Award
Total Worth: $10,000 per year
Eligibility: $10,000 per year
Minimum Criteria: High school GPA: 3.90 or higher ; SAT score: 1390-1440 ; ACT composite score: 31-32

Distinguished Scholar Award
Total Worth: $6,000 per year
Eligibility: $6,000 per year
Minimum Criteria: High school GPA: 3.90 or higher ; SAT score: 1260-1380 ; ACT composite score: 27-30 OR High school GPA: 3.80-3.89 ; SAT score: 1260 or higher ; ACT composite score: 27 or higher

Oakland University provides aids at an average of 14475 per student meeting 72% of students need. 98% of students with need receive financial aid at an average of 3885 need-based grant. They also provide other scholarships including Golden Grizzles Tuition Guarantee and Golden Grant.