Merit Scholarships and Residency Matches

Was perusing some threads regarding merit scholarships and it seems that people indicate that having one of these on your app confers a pretty big boost come match time. For example, if someone got a merit scholarship to a school like Uchicago or Northwestern, would that be a big boost equivalent to attending a "top 3"? How about attending a state school on a full ride? How do merit scholarships factor into how people match?
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Pre-Medical - MD Source Type: forums