Bring a pot of salted water to a boil. Once boiling, add the pasta, cooking until al dente according to the directions on the box.
Then get to work toasting the breadcrumbs. Melt 1 tablespoon of butter in a small skillet over medium heat. Stir in the breadcrumbs, and continue to stir until the break crumbs have reached a golden brown color. Then remove from the heat and set aside.
Prepare the sauce next. Melt the remaining butter in a saucepan over medium heat. Once melted, whisk in the flour. Continue whisking until the butter and flour mixture (the roux) is slightly golden in color.
Whisk the milk into the roux. Whisk frequently until the milk comes to a slow and steady boil. Let the mixture boil and thicken for one minute while whisking constantly.
Add the cheese to the milk and whisk until it melts.
Season the sauce with the salt and pepper, and a dash of dry mustard and paprika.
Drain the pasta and add it to the sauce. Serve with the crispy panko breadcrumbs on top.