https://anonymous.4open.science/r/SaS-PETL-3565.
Foundation models, with a vast number of parameters and pretraining on massive datasets, achieve state-of-the-art performance across various applications. However, efficiently adapting them to downstream tasks with minimal computational overhead remains a challenge. Parameter-Efficient Transfer Learning (PETL) addresses this by fine-tuning only a small subset of parameters while preserving pre-trained knowledge. In this paper, we propose SaS, a novel PETL method that effectively mitigates distributional shifts during fine-tuning. SaS integrates (1) a shared module that captures common statistical characteristics across layers using low-rank projections and (2) a layer-specific module that employs hypernetworks to generate tailored parameters for each layer. This dual design ensures an optimal balance between performance and parameter efficiency while introducing less than 0.05% additional parameters, making it significantly more compact than existing methods. Extensive experiments on diverse downstream tasks, few-shot settings and domain generalization demonstrate that SaS significantly enhances performance while maintaining superior parameter efficiency compared to existing methods, highlighting the importance of capturing both shared and layer-specific information in transfer learning. Code and data are available at