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

“Let Wisdom Rise” scholarship
Total Worth: upto $3,000
Eligibility: upto $3,000
Minimum Criteria: Minimum 3.0 High school GPA with an interest in community involvement in high school, at the College, or beyond

Randolph College provides aids at an average of 34868 per student meeting 77% of students need. 100% of students with need receive financial aid at an average of 30826 need-based grant.