I guess that gets to the heart of the question... What is the purpose of Scholarships, from the point of view of the Adcom?
From what I can tell, there are very very precious few merit-only scholarships available at CU. Really, it seems like there's only one, given to 'several' first year students, in amounts (as of 2003) from $500 to $5000. I imagine they think "How shall we spread this money around to our best advantage?" that one of the thoughts they might have is to use scholarships as leverage to get the best class possible. So if a strong candidate is obviously coming to their school with no effort on the adcom's part, why should they give a scholarship? They could spend the money on someone else. I feel caught in a little bit of a trap... my LSAT score is seriously above the 75% number for both schools in Colorado, so I need them to know I'm not applying to higher-tier schools, and at the same time, I don't want them to think I wouldn't like a scholarship. (My oldest will begin college while I'm still in LS... all money helps!)
All other scholarships are either need- or diversity-based. There are lots and lots of those. But as far as I can tell, I don't qualify for any of those, because I'm a married white woman, whose husband has a decent job, applying to a school with a 56% female population.