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

Presidential Scholarship
Total Worth: full-tuition
Eligibility: full-tuition
Minimum Criteria: SAT: 1450, ACT: 32, GPA: 3.9

Dean’s Scholarship
Total Worth: partial-tuition
Eligibility: partial-tuition
Minimum Criteria: SAT: 1360, ACT: 29, GPA: 3.5

Loyola Scholarship
Total Worth: partial-tuition
Eligibility: partial-tuition
Minimum Criteria: SAT: 1170, ACT: 24, GPA: 3.2

University of Scranton provides aids at an average of 22728 per student meeting 71% of students need. 100% of students with need receive financial aid at an average of 24665 need-based grant. They also provide other scholarships including Xavier Grant and Claver Award.