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

Presidential Scholarships
Total Worth: Up to full tuition annually
Eligibility: Up to full tuition annually
Requirement for maintenance: based on 3.3 grade point average and full-time attendance
Separate application needed: No
Application deadline: December 15

Dean’s Scholarships
Total Worth: $16,500-$20,000 annually
Eligibility: $16,500-$20,000 annually
Minimum Criteria: Minimum GPA: A or above for consideration. Minimum SAT total of 1270 or ACT composite of 29
Requirement for maintenance: based on 3.0 college grade point average and full-time attendance
Separate application needed: No

R.B. Annis Engineering Scholarship
Total Worth: Up to full tuition annually
Eligibility: Up to full tuition annually
Requirement for maintenance: based on 3.3 grade point average and full-time attendance
Separate application needed: No
Application deadline: December 15

University of Indianapolis provides aids at an average of 23084 per student meeting 73% of students need. 100% of students with need receive financial aid at an average of 11235 need-based grant. They also provide other scholarships including Art Scholarships and Bohn Chemistry Scholarships.