The same reason fancy restaurants let celebrities and hot girls skip the line. Because regionally accredited colleges are a club and they don’t want to allow the nationally accredited colleges into the club.
Traditional schools are generally regionally accredited. For profit schools are generally nationally accredited. The traditional schools don’t like the for-profit schools that have started up, and prefer to make life as difficult as possible for them and their students. Since transfer student rules are something the schools can fully control, this is one of the ways they express their dislike of the other class of schools.
The short answer is because they want to, and no law prevents them from doing this.
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