Need help on info about declination statement

I am an 11B with just over 4 years in the active duty army. I have re-enlisted once and just recieved orders to Fort Polk with only 8 months left. I do not wish to re-enlist because I would like to just finish my contract, move home, go to school, and join the national guard. I am wondering if I will be eligible to join the national guard after signing a declination statement? I am not sure if they will give me a bad re-enlistment code, or if they can make it so that I can get out and join the national guard.
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