Yeah, Transylvania University does provide scholarships based on merit. Here are some of them:

Presidents Scholarship
Total Worth: Starting from $19,000 per year
Eligibility: Starting from $19,000 per year
Separate application needed: No

Morrison Scholarship
Total Worth: Starting from $18,000 per year
Eligibility: Starting from $18,000 per year
Separate application needed: No

Pioneer Scholarship
Total Worth: Starting from $16,000 per year
Eligibility: Starting from $16,000 per year
Separate application needed: No

Transylvania University provides aids at an average of 29177 per student meeting 80% of students need. 100% of students with need receive financial aid at an average of 25956 need-based grant. They also provide other scholarships including Trailblazers and Frontier Scholarship.