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

Distinguished Scholarship
Total Worth: $12,000 for out-of-state and $8,500 for in-state studnets
Eligibility: $12,000 for out-of-state and $8,500 for in-state studnets
Minimum Criteria: Minimum of 3.5 GPA and 1390+ in SAT or 31+ in ACT
Requirement for maintenance: Minimum of 3.25 CGPA
Application deadline: February 14

Excellence Scholarship
Total Worth: $7,000
Eligibility: $7,000
Minimum Criteria: Minimum of 3.5 GPA and 1330+ in SAT or 29+ in ACT
Requirement for maintenance: Minimum of 3.25 CGPA
Application deadline: February 14

Achievement Scholarship
Total Worth: $6,000
Eligibility: $6,000
Minimum Criteria: Minimum of 3.25 GPA and 1260+ in SAT or 27+ in ACT
Requirement for maintenance: Minimum of 3.25 CGPA
Application deadline: February 14

They also provide other scholarships including Musics Scholarships and Film, Theatre, and Creative Writing Scholarship.