Yeah, Rochester Institute of Technology does provide scholarships based on merit. Here are some of them:

RIT Presidential Scholarships
Total Worth: 10,000 to 16,000 per year (Renewable)
Eligibility: 10,000 to 16,000 per year (Renewable)
Requirement for maintenance: 2.8 cumulative RIT GPA
Separate application needed: No

RIT Founders Scholarships
Total Worth: 7,000 to 10,000 per year (Renewable)
Eligibility: 7,000 to 10,000 per year (Renewable)
Requirement for maintenance: 2.8 cumulative RIT GPA
Separate application needed: No

RIT National Hispanic Scholar Award
Total Worth: 2,000 per year (Renewable)
Eligibility: 2,000 per year (Renewable)
Requirement for maintenance: 2.8 cumulative RIT GPA
Separate application needed: No

Rochester Institute of Technology provides aids at an average of 28468 per student meeting 87% of students need. 100% of students with need receive financial aid at an average of 23968 need-based grant. They also provide other scholarships including ROTC Scholarships and RIT ROTC Scholarships.