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Rachael Ray is a bum!

rachaelrayOr, was, at any rate. Page Six (cribbing from the ever-reliable National Inquirer) is reporting today that the uber-hyper TV cook, now host of the Food Network's 30 Minute Meals as well as a frequent guest on Oprah, dropped out of Pace University after after blowing through her tuition money, and, with creditors on her tail, fled New York for the Adirondacks. "She spent the money and then she didn’t want her mom to find out, so she borrowed money to pay her tuition, and then she couldn’t pay it back," a source told the scandal sheet. "She was bouncing checks, and some people were threatening her.” Ray's official bio says nothing about her days at Pace – only that she worked in several NY gourmet stores before deciding that "though this New York City fast track was exciting, Rachel ... wanted to return to the lifestyle of the Adirondacks.” Her rep insists that she left New York after being mugged by the same man twice, a story which Ray's father, Jim, confirmed to the Inquirer. " She thought she’d be raped or murdered the last time," Jim said. "Fortunately a dog barked and he ran off.”

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