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

The Presidential Scholarship
Minimum Criteria: (90 GPA) SAT 1160 or ACT score of 25
Separate application needed: No

The Franciscan Scholarship
Minimum Criteria: (87 GPA) SAT 1120 or ACT score of 24
Separate application needed: No

Siena College provides aids at an average of 30196 per student meeting 75% of students need. 100% of students with need receive financial aid at an average of 23538 need-based grant. They also provide other scholarships including The Bishop Howard and Hobbard Scholarships and Endowed Scholarships.