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

Presidential Catholic Scholarship
Total Worth: Full Tuition award
Eligibility: Full Tuition award
Minimum Criteria: Minimum of 3.5 CGPA (recalculated by admission committee)
Application deadline: 15 November

S. Therese Higgins CSJ Scholarship
Minimum Criteria: Minimum of 3.2 CGPA

Alumni sponsor Award
Total Worth: $2,000
Eligibility: $2,000
Requirement for maintenance: Minimum of 2.5 CGPA

Regis College provides aids at an average of 32199 per student meeting 60% of students need. 100% of students with need receive financial aid at an average of 21525 need-based grant.