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

Presidential Scholarship
Total Worth: Full tuition, room, board (meal plan includes up to 19 meals per week), general fee, and the cost of textbooks.
Eligibility: Full tuition, room, board (meal plan includes up to 19 meals per week), general fee, and the cost of textbooks.
Application deadline: January 2

Saint Augustine Scholarship
Total Worth: $15,000 per year
Eligibility: $15,000 per year
Minimum Criteria: Based on exemplary academic achievement in a very rigorous curriculum with correspondingly high standardized test scores
Application deadline: Frebruary 15

St. Martin De Porres Grant
Total Worth: Full tuition and general fees.
Eligibility: Full tuition and general fees.
Minimum Criteria: Based on academic performance.
Application deadline: January 15

Villanova University provides aids at an average of 38853 per student meeting 81% of students need. 97% of students with need receive financial aid at an average of 34470 need-based grant. They also provide other scholarships including Army ROTC Scholarship and Hovnanian Scholarship.