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

Red and Black Scholarship
Total Worth: Varies
Eligibility: Varies
Requirement for maintenance: Maintains status as a full-time UCM undergraduate student (12 or more undergraduate credit hours) each semester, and
Achieves the minimum cumulative UCM grade-point average required upon completion of the second semester as a full-time student at UCM (and each academic year thereafter).
Separate application needed: No

Non-Resident Scholar Award
Total Worth: Covers 25%, 50% or 100% of non-resident fees.
Eligibility: Covers 25%, 50% or 100% of non-resident fees.
Requirement for maintenance: Maintains status as a full-time UCM undergraduate student (12 or more undergraduate credit hours) each semester, and
Maintains legal residence status as a non-Missouri resident, and Achieves the minimum cumulative UCM grade-point average required upon completion of the second semester as a full-time student at UCM (and each academic year thereafter).
Separate application needed: No

Transfer Student Scholarship
Total Worth: $1000 per semester
Eligibility: $1000 per semester
Minimum Criteria: Cumulative transfer grade point average of 3.50 or higher on all post-high school
Requirement for maintenance: Maintains status as a full-time UCM undergraduate student (12 or more undergraduate credit hours) each semester, and
Remains in good academic standing (not be placed on academic probation), and Maintains a minimum cumulative UCM grade-point average of 3.25 upon completion of each academic year.
Separate application needed: No

University of Central Missouri provides aids at an average of 754 per student meeting 64% of students need. 100% of students with need receive financial aid at an average of 615 need-based grant. They also provide other scholarships including Choose Red Grant and Second Generation Grant.