Cook pasta in well-salted water. Drain. Set aside.
In a large saucepan over medium heat, add milk, salt, pepper, garlic and onion powders, and smoked paprika. Heat until hot, but not boiling.
Add in Velveeta and shredded cheddar. Whisk together until smooth and creamy.
Remove from heat and stir in cooked pasta. Enjoy immediately.
