Why do some jobs only want recent college grads but refuse to hire anyone with 2+ years of experience?

Why do some jobs I see posted only hire recent college graduates and also say that they won't hire anyone with 1-3+ years experience? That doesn't make any sense to me unless they are looking for a gullible candidate to take advantage of.

Whats makes a recent graduate with no experience candidate better than one with years of experience?

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