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

Albertus Magnus scholarships
Total Worth: $20,000 per year
Eligibility: $20,000 per year
Minimum Criteria: Consistent A- to A grades throughout high school in all subjects and have taken an extremely rigorous program of study
Requirement for maintenance: meet the GPA and academic progress requirements
Separate application needed: No

Roddy Scholarship
Total Worth: Tuition, fees, room and board costs
Eligibility: Tuition, fees, room and board costs
Minimum Criteria: Outstanding academic achievement in high school
Separate application needed: No

Feinstein Scholarship
Total Worth: $5,000
Eligibility: $5,000
Minimum Criteria: Significant commitment to community service, a proven record of community involvement, and a strong high school academic record
Separate application needed: Yes

Providence College provides aids at an average of 32640 per student meeting 86% of students need. 100% of students with need receive financial aid at an average of 27732 need-based grant.