To color your name, do the following: press “t”, erase “say” and type "name"; after "name", put a space and then press and hold shift and press the “ \ ” key; let go of shift and press “c” then type in a HTML color number (For example, mine is 005fff). Put your name after numbers (No spaces), press enter and you are done! It should Look like this:

"Name :c005fffJoe" (With your HTML colors and your name.)

If that does not work (Which it should), You can also try using the command "Setname" instead of "Name"

If you want a list of HTML colors, Simply go to a search engine and type in "HTML colors". It will give a nice, long list of colors to choose from. Make sure it's not too dark or I might ask you to change it. (I have trouble reading dark colors :P)
If it works for you, help out everyone or just point them in the direction of this site:
www.dxJoe.TK
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REMEMBER, Servers with MLT mod WILL NOT DISPLAY your colors. My server does not have MLT. Most servers do have it, though... just so you know.