Sorry to say you but actually you have not mention that about which examination or about which rank of your kidr you are talking about.
But however I want to congrats your kid for getting a journal rank of 59. In general cases if you are talking about board examination then in that case he/she can be eligible for getting good scholarships. As well as if you are talking about some professional degree course examinations in that case also he/ she can achieve some consession in their courses.