Every dime you put into a toy vehicle, is another dime you'll have to pay interest on for your student loans.
You need to re-think your priorities. Student loans are supposedly causing substantial heartache and emotional and economic distress to people who thought College was their ticket to a decent lifestyle.
Obviously our "President-in-name-only" thinks that he could buy votes by putting Student Loans back onto the Taxpayer instead of the folks who agreed to pay them to begin with.
Be aware that the usual path is to take on a Significant Other sometime during or post-College, and that derails everything thereafter. Your hobbies become whatever she allows you to do, AFTER you've satisfied HER priorities.
Keep in mind that your truck was built by GM with a "cold-air intake"; all you have to do is
not screw that up with aftermarket crap.
The "602" IMCA "Sealed" crate engine? Part number
88869602 ?
A very mild "crate engine" special only because it's got a circle-track oil pan, circle-track crankcase ventilation, and a handful of "special" bolts that can't be unscrewed easily, so that Tech Inspectors can look at those bolts and know that the engine hasn't been "tampered with"--you know, bigger cam, more compression, ported, lightweight crankshaft, etc.
www.speedwaymotors.com/Chevrolet-Performance-88869602-CT350-IMCA-Seal-602-Crate-Engine,67820.html
"700" horsepower would be DOUBLE what it's rated for.
(And that's only if it was assembled properly. I've heard of those "sealed" engines being put together with the timing set installed one tooth "off".)