In a medium saucepan, bring 4 cups of water to a boil. Add the elbow macaroni and a pinch of salt. Cook the macaroni according to package instructions until al dente, usually about 7-8 minutes.
While the macaroni cooks, in a separate bowl, combine the chili, milk, garlic powder, onion powder, smoked paprika, and a pinch of salt and pepper. Stir well to mix all the ingredients.
Once the macaroni is cooked, drain it and return it to the saucepan.
Pour the chili mixture into the saucepan with the macaroni. Stir to combine over medium heat.
Gradually add the shredded cheddar cheese, stirring continuously until the cheese is melted and creamy, about 2 minutes. Adjust seasoning with salt and pepper to taste.
Remove from heat and let it sit for a couple of minutes to thicken slightly.
Serve hot, garnished with fresh cilantro or parsley if desired.
Notes
Garnish with fresh cilantro or parsley for added flavor.