The second half of the 1990s was a turning point in Italian fertility: the postponement of births slowed and there was an increasing tendency to recover fertility after the age of 30. To study the determinants of this change, we employ individual-level data from the 2003 survey Family and Social Subjects, held by the Italian National Institute of Statistics. We focus on first births, analyzing the key role of education as a driving force both of postponement and then recovery, controlling also for relevant characteristics such as women's employment status and family background. We estimate a probit model for postponement and an event history analysis model for recovery, thus offering a picture of both processes. Our findings indicate that the postponement of first order fertility in Italy involved mostly women holding a university degree in younger cohorts. Moreover, in the early 2000s a recovery process at later ages was just beginning, even if limited in magnitude. Finally, significant differences at a regional level were found: specifically, until recently, southern Italy still displayed a limited birth postponement and no recovery.