Yeah, Principia College does provide scholarships based on merit. Here are some of them:

Trustee Scholarship
Total Worth: $25,000 per year
Eligibility: $25,000 per year
Minimum Criteria: Minimum of 3.9 High School GPA and 1420 in SAT or 30 in ACT
Requirement for maintenance: Minimum GPA of 3.5
Separate application needed: No

Chairman’s Scholarship
Total Worth: $20,000 per year
Eligibility: $20,000 per year
Minimum Criteria: Minimum of 3.8 High School GPA and 1380 in SAT or 29 in ACT
Requirement for maintenance: Minimum GPA of 3.5
Separate application needed: No

President’s Scholarship
Total Worth: $15,000 per year
Eligibility: $15,000 per year
Minimum Criteria: Minimum of 3.7 High School GPA and 1340 in SAT or 28 in ACT
Requirement for maintenance: Minimum GPA of 3.4
Separate application needed: No

Principia College provides aids at an average of 33381 per student meeting 92% of students need. 100% of students with need receive financial aid at an average of 29795 need-based grant. They also provide other scholarships including Arthur F. Schulz Jr. Alumni Scholarship and Veteran’s Scholarship.