Learned image compression (LIC) methods have recently outperformed traditional codecs such as VVC in rate-distortion performance. However, their large models and high computational costs have limited their practical adoption. In this paper, we first construct a high-capacity teacher model by integrating Swin-Transformer V2-based attention modules, additional residual blocks, and expanded latent channels, thus achieving enhanced compression performance. Building on this foundation, we propose a \underline{F}eature and \underline{E}ntropy-based \underline{D}istillation \underline{S}trategy (\textbf{FEDS}) that transfers key knowledge from the teacher to a lightweight student model. Specifically, we align intermediate feature representations and emphasize the most informative latent channels through an entropy-based loss. A staged training scheme refines this transfer in three phases: feature alignment, channel-level distillation, and final fine-tuning. Our student model nearly matches the teacher across Kodak (1.24\% BD-Rate increase), Tecnick (1.17\%), and CLIC (0.55\%) while cutting parameters by about 63\% and accelerating encoding/decoding by around 73\%. Moreover, ablation studies indicate that FEDS generalizes effectively to transformer-based networks. The experimental results demonstrate our approach strikes a compelling balance among compression performance, speed, and model parameters, making it well-suited for real-time or resource-limited scenarios.