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

USciences Merit Awards
Total Worth: Varies
Eligibility: Varies
Minimum Criteria: Based on academic excellence in high school and comparative scores on the SAT or the ACT
Requirement for maintenance: Maintain satisfactory academic progress
Separate application needed: No

University of the Sciences provides aids at an average of 36266 per student meeting 55% of students need. 100% of students with need receive financial aid at an average of 8849 need-based grant. They also provide other scholarships including USciences Opportunity Scholarship.