Revisiting Semi-Supervised Learning in the Era of Foundation Models

Semi-supervised learning (SSL) enhances model performance by leveraging abundant unlabeled data alongside limited labeled data. As vision foundation models (VFMs) become central to modern vision applications, this paper revisits SSL in the context of these powerful pre-trained models. We conduct a systematic study on tasks where frozen VFMs underperform and reveal several key insights when fine-tuning them. First, parameter-efficient fine-tuning (PEFT) using only labeled data often surpasses traditional SSL methods---even without access to unlabeled data. Second, pseudo-labels generated by PEFT models offer valuable supervisory signals for unlabeled data, and different PEFT techniques yield complementary pseudo-labels. These findings motivate a simple yet effective SSL baseline for the VFM era: \emph{ensemble pseudo-labeling across diverse PEFT methods and VFM backbones}. Extensive experiments validate the effectiveness of this approach, offering actionable insights into SSL with VFMs and paving the way for more scalable and robust semi-supervised learning in the foundation model era.