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

Akron Guarantee Scholarship
Total Worth: $500 to $6,500
Eligibility: $500 to $6,500
Requirement for maintenance: Minimum of 2.0 GPA
Separate application needed: No

University of Akron provides aids at an average of 9343 per student meeting 56% of students need. 100% of students with need receive financial aid at an average of 5240 need-based grant. They also provide other scholarships including The Dr. Jean Johnston Scholarship and Akron Public Schools’ Innovation Generation Scholarship.